Arizona · Nonprofit · under $2M in federal spending

The Broadway House Corporation

Phoenix, AZ

The FY2025 single audit reports no findings. Audits on file for FY2023–FY2025: FY2023, FY2024, FY2025.

Score: 0 of 100 (FY2025 audit)

The sum of eight parts, each read from the audit. How the score works.

Part	Rule	Max
Material weaknesses	8 points each	24
Significant deficiencies	3 points each	9
Repeat findings	5 points each	15
Longest repeat chain	2 years 3, 3 years 6, 4 years 9, 5+ years 12	12
Modified major-program opinions	qualified 8 each; any adverse or disclaimer 15	15
Questioned costs	known amount of $25,000 or more, by share and dollars	15
Going concern	auditor included a going-concern paragraph	5
Prior-year lateness	prior-year audit late or not filed, scored only with a finding	5
Score		100

Federal funding, FY2025

$1,810,740 in federal awards spent, across 2 programs. Largest funding agencies:

Agency	Spent
Department of Housing and Urban Development	$1,810,740

FY2025 audit

FAC record: 2025-06-GSAFAC-0000393022
Fiscal year end: June 30, 2025
Accepted by FAC: December 19, 2025
Federal spending: $1,810,740 · 2 programs
Major programs: 1
Score: 0 of 100

No findings reported.

FY2024 audit

FAC record: 2024-06-GSAFAC-0000059700
Fiscal year end: June 30, 2024
Accepted by FAC: October 8, 2024
Federal spending: $1,769,108 · 2 programs
Major programs: 1
Score: 0 of 100

No findings reported.

FY2023 audit

FAC record: 2023-06-GSAFAC-0000001859
Fiscal year end: June 30, 2023
Accepted by FAC: October 30, 2023
Federal spending: $1,788,689 · 2 programs
Major programs: 1
Questioned costs: $1,148 known
Score: 3 of 100

Finding 2023-001

significant deficiencyquestioned costsother matters

Program: MORTGAGE INSURANCE FOR THE PURCHASE OR REFINANCING OF EXISTING MULTIFAMILY HOUSING PROJECTS (14.155)
Compliance requirement: Special tests and provisions
Questioned costs: $1,148 (known)
FAC record: FY2023 audit on fac.gov

Finding text from the filing

Criteria: Under the regulatory agreement with HUD, the Corporation is required to maintain certain cash accounts in compliance with HUD requirements. Condition: During testing of the reserve for replacement account, we noted incorrect deposit amounts were being funded to the account for 7 of 12 months. This error resulted in the reserve for replacement account to be underfunded by $1,148 as of June 30, 2023. Cause: Due to oversight by management, the change in required monthly deposits was not properly implemented. Effect: The Project was not in compliance with HUD requirements as it relates to the restricted funds. Questioned Costs: $1,148 Context/Sampling: None Repeat Finding from Prior Year(s): No Recommendation: We recommend that the Project comply with the HUD requirements and deposit $1,148 to the reserve for replacement account. As of August 17, 2023, management funded the reserve for replacement account with the underfunded amounts. Views of Responsible Officials: Management agrees with the finding.